Guideline Value for Senkeniamman Koil Street

Senkeniamman Koil Street guideline value

The current guideline value of Senkeniamman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class I Type - III.

How the guideline value of Senkeniamman Koil Street has changed

The guideline value for Senkeniamman Koil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. In 2023, this increased to Rs 2,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 saw the guideline value rise further to Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 2,750 per sq.ft, which is equal to the guideline value of Senkeniamman Koil Street.

• Senkeniamman Koil Cross Street: Rs 2,750 per sq.ft (2024)
• Sengalvarayan Street: Rs 2,200 per sq.ft (2024)
• Senthil Nagar: Rs 2,200 per sq.ft (2024)
• Senthil Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Senthil Nagar Extn: Rs 2,200 per sq.ft (2024)
• Sethupathy Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Senkeniamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Senkeniamman Koil Street?

The Sub Registrar Office that covers Senkeniamman Koil Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in the registration process when buying or selling property in Madipakkam-1. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Senkeniamman Koil Street?

The current guideline value of Senkeniamman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Senkeniamman Koil Street?

Senkeniamman Koil Street is classified as Residential Class I Type - III.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this street located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.